It empowers you to spend your cryptos anywhere without having to keep a fiat currency balance in your Coinbase account. This is exceptional because not many cryptocurrency companies let you do that. ATM withdrawals are free up to $200; after that, a small 1% fee for domestic and 2% for international withdrawals applies. Remember, there’s a foreign transaction fee of 3.00% and a 2.49% liquidation fee.

Alternative Cards to the Coinbase Card

Coinbase Global Inc. is in talks to buy cryptocurrency derivatives startup Deribit, Bloomberg reported today. I agree to receive newsletters from CryptoVantage and accept the data privacy statement. We write product reviews and comparison articles in the field of cryptocurrency. We have mentioned all the features and services Coinbase has to offer to you through its card. MetaBank issued the Coinbase Card with N.A., Member FDIC, and is under Visa USA license, and Marqueta powered it. Paysafe Financial Services Limited, on the other hand, issues Coinbase cards in Europe.

You won’t be subject to any tax implications if you connect your card to your USD Coinbase or USD coin crypto accounts. In addition to its perks, the card issuer’s global acceptance is powered by Visa. It lets you conveniently spend your crypto and cash at countless businesses worldwide.

Coinbase Card Review : Best Crypto Debit Card

The report that Coinbase could buy Deribit comes a day after Kraken, one of Coinbase’s largest competitors, announced a high-profile acquisition of its own. It agreed to buy a futures exchange called NinjaTrader LLC for $1.5 billion. NinjaTrader competes with Deribit in certain segments of the cryptocurrency market. Coinbase is one of the most reputable brands in the cryptocurrency space. That said, the Coinbase Visa card is currently only available in various European countries, so customers in the United States are out of luck for now. You must have a verified Coinbase account and meet the criteria mentioned earlier before deciding to apply for the Coinbase debit card.

The Coinbase Visa card is basically an additional feature tacked onto Coinbase rather than a standalone product. In other words, you need to be a Coinbase user in order to gain anything from this crypto debit card (or even gain access to it in the first place). You can directly link the VISA debit card to your verified Coinbase account. It enables you to spend the stored cryptocurrencies in your account.

For those willing to navigate its limitations, the Coinbase Card can be a valuable addition to their crypto journey. Nevertheless, exploring non-crypto alternatives before making a final decision is essential, as there might be better-suited options for individual spending habits. Lastly, cryptocurrencies like Ethereum can be staked with Coinbase, allowing you to earn staking rewards as a Coinbase Card member. It’s a great way to maximize the potential of your rewards and get even more out of your crypto journey. Then, you’re all set to authorize payments with a fingerprint ID, wallet PIN, or facial recognition for ultimate ease.

Drawbacks of Coinbase Card

If none of these issues seem to be causing the problem, then your best bet will be to contact Coinbase Support. The lack of real rewards and benefits with the Coinbase Visa card are the real dealbreaker for most cryptocurrency enthusiasts right now. Due to the lack of any rewards, people who are able to get approved for various credit cards that have extensive rewards attached to them may want to stick with those options for now. Coinbase provides you with the facility https://xcritical.pro/ of the mobile card app, which is available on Android and iOS.

Founded out of a 2-bedroom apartment in 2012, the company now has a market cap of over $40 billion and has onboarded millions of people into the world of crypto. Coinbase’s acquisitions strategy significantly increased operational breadth and global reach, with US$9 billion in capital aimed at driving expansion. Partnerships with firms like Nayms and Worksport Ltd. sought to enhance Coinbase’s operational efficiency and regulatory compliance. However, ongoing regulatory challenges remain, highlighted by multiple lawsuits questioning securities xcritical scam compliance. Efforts such as the stock buyback program announced in October 2024 show attempts to bolster shareholder confidence, yet actual repurchases were not conducted as of the latest quarter. It’s believed the deal could mark one of the crypto industry’s largest-ever acquisitions if it goes through.

Rewards redeeming options

Being an old-timer, the exchange continually makes itself relevant by introducing innovative ways to make it easier to buy, sell, understand, and use cryptocurrencies. In April 2019, Coinbase launched its crypto debit card, one of these ways. We will talk at length about that card in this article and explain how it can be helpful for you.

What’s An Alternative To Coinbase Gift Cards?

They are accessible, transparent, and have become the most trusted of all the exchange platforms. Suchet is a Norwegian economist, entrepreneur, and investor, serving as the CFO and COO of Brainfund. With over a decade of experience in global expansion, venture capital, and emerging technologies, he earned his MBA from the NMBU School of Business & Economics. He held dual bachelor’s degrees from the University of South-Eastern Norway. His career spans roles at NextToMe, Get, and Conax before joining Everipedia, now Brainfund, in 2017. Once done, open the app and select Pay from the bottom section.

Coinbase Card operates as a debit card, eliminating the need for a minimum credit score and any credit check during the application process. With this card, you’ll spend directly from your Coinbase balance, avoiding using a line of credit altogether. Once a user redeems it, they gain the flexibility of exchanging it for any cryptocurrency on the Coinbase platform. It’s important to note that the recipient will have to create a Coinbase account and go through the verification process to receive these digital assets. For those wondering where to buy Coinbase gift cards, G2A offers them with values ranging from $25 to $250. A Coinbase gift card serves as a pre-paid digital voucher for various cryptocurrencies on the Coinbase exchange.

• Depending on the merchant, appearing usually takes 1 to 5 days.
• On the other hand, EU and UK clients have a daily purchase limit of £500 / €500.
• It is not an offer to buy or sell any security, product, service or investment.
• When used as a debit card, you’ll spend stablecoins representing Euros, British Pounds or U.S. dollars based on your available balance.
• Because these coins are pegged to the US dollar and relatively stable compared to other cryptocurrencies, they are not considered profit-or-loss trades.
• Once a user redeems it, they gain the flexibility of exchanging it for any cryptocurrency on the Coinbase platform.

Why Choose Coinbase Card?

For instance, as a US resident, you can easily opt for USD Coin to reduce tax obligations. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment. CaptainAltcoin.com does not xcritical scammers offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. G2A and CoinsBee offer the feature of buying them from cryptocurrency.

For US users, spending cryptos with the Coinbase Card has a tax implication. Selling cryptos is considered a taxable transaction, as digital assets are classified as property for capital gains tax by the Inland Revenue Service (IRS). With Coinbase Caard, everything happens instantly, and funding is quick and hassle-free through crypto purchases via traditional bank accounts and cards. Soon, you’ll also be able to receive paychecks in fiat money or crypto directly debited to your card.

This is the fee that Coinbase charges for converting that asset to dollars to allow you to complete the transaction. In our view, this significantly limits the usefulness of the card, as there is no sense in paying a 2.49% fee to earn rewards at or lower than that value. For international purchases however, the spending fee is 3.00%. In order to make a purchase in the first place, you need to convert your cryptocurrency to a form of payment that is acceptable to the merchant where you want to make the transaction.

However, there are some fees, such as a crypto conversion fee when spending crypto, foreign transaction fees, and ATM withdrawal fees beyond a specific limit. Its global acceptance through Visa provides flexibility for spending, and the option to transfer rewards to a secure crypto wallet or trade for other cryptocurrencies adds versatility. However, potential tax implications, limited rewards categories, and fees should be carefully considered. You can also choose which cryptocurrency in your Coinbase account should be used as the source of value for payments made with the Coinbase crypto debit card. Moreover, they offer crypto rewards of up to 4% to U.S. cardholders.

If you tried to use your Coinbase Visa card and the charge was declined, then there are a few different issues that could have occurred. First, you’ll want to make sure that your card has been activated. Once you’ve confirmed the card is active, you’ll then want to check your Coinbase account to make sure you have funds available. Thirdly, you should check to make sure that you have funds available in the specific cryptocurrency that you have chosen as the wallet to fund your card’s spending. One last thing you can check is to make sure you have not reached your spending limit for the month.

As you may have suspected, the spending limits of the card in the US are quite different from that of the UK/EU. So, if you ever want to trade your rewards for another asset that allows you to stake or for another that you believe has better growth potential, you can easily do so on the Coinbase platform. Our seasoned and experienced team brings years of expertise in the credit card and travel sectors. Committed to integrity, we offer data-driven guides to help you find the card(s) that best fit your requirements. See details on our intensive editorial policies and card rating methodologies. This means that you can use the card at any point of payment that accepts VISA.

This article provides a complete guide on how to buy Coinbase gift cards, covering their benefits, limitations, and how to redeem them. You can earn up to 4% back on your purchases, depending on which crypto you choose to earn your rewards in. If you’re looking to grow the crypto rewards you receive from your Coinbase card as fast as possible, one of the best ways to do so is by staking those rewards on Coinbase. We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. See our Advertising Policy for more about our partners, how we make money, and our rating methodology.